Bajaj Hindusthan Sugar Q2 Results: Loss widens to ₹121 crore, approves Singapore unit sale

Résumé détaillé

Bajaj Hindusthan Sugar reported a consolidated net loss of ₹121 crore for Q2 FY27, compared with ₹105 crore a year ago, while revenue declined 16.3% to ₹968.4 crore. Separately,…

Bajaj Hindusthan Sugar Ltd on Wednesday (November 11) reported a consolidated net loss of ₹121 crore for the second quarter of FY27, compared with a loss of ₹105 crore in the corresponding quarter last year.

Revenue from operations declined 16.3% year-on-year (YoY) to ₹968.4 crore from ₹1,157 crore in the year-ago period.

Earnings before interest, tax, depreciation and amortisation (EBITDA) loss narrowed to ₹43 crore from a loss of ₹54 crore in the corresponding quarter of the previous financial year.

ALSO READ | Sugar stocks Dhampur, Dwarikesh, Bajaj Hindusthan gain up to 13% on Wednesday; Here's why

Also, Bajaj Hindusthan Sugar said its board has approved the sale of its entire 100% shareholding in wholly owned subsidiary Bajaj Hindusthan (Singapore) Private Limited for a total consideration of $6.26 million ($62,61,887).

The buyer is Altaqat Management Consultancies Co LLC, the lead member of a consortium with Dejavu FZ LLC. The transaction is subject to necessary regulatory compliance and is expected to be completed within 180 days.

Following the completion of the transaction, Bajaj Hindusthan (Singapore) Private Limited will cease to be a subsidiary of the company. Its two step-down subsidiaries in Indonesia, PT Jangkar Prima and PT Batu Bumi Persada, will also cease to be subsidiaries of Bajaj Hindusthan Sugar.

ALSO READ | Sugar stocks jump up to 12% in weak market as crude oil surge lifts sentiment

The board has authorised the execution of the Share Purchase Agreement and other definitive documents, along with the necessary steps to complete the transaction. The sale agreement and other transaction documents will be executed in due course.

Début de l'article, extrait de CNBC-TV18. Pour lire la suite, ouvrez l'article chez le média.